A statement from the organization said: 'With gratitude for her work, TIME'S UP accepts and supports Lisa Borders' decision to resign as president and CEO. We know that it is the right decision for Lisa as well as the organization. Our COO, Rebecca Goldman, will serve as interim CEO while we conduct an executive search.

'We remain steadfast in our mission to create safe, fair, and dignified work for women of all kinds.'

Borders said in a statement that she is stepping aside 'with deep regret' due to family issues

Actress Jennifer Garner, left, and former President & CEO of Time's Up Lisa Borders. The organization was formed last year in response to sexual misconduct allegations in Hollywood

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Borders, former president of the WNBA, was named head of Time's Up last year. She had overseen the WNBA league for three seasons, joining in 2016 as its fourth president.

The organization was formed by more than 1,000 women in entertainment in January 2018 in response to sexual misconduct allegations leveled against powerful men in the entertainment industry including Harvey Weinstein and Kevin Spacey.

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Head of Time's Up organization Lisa Borders abruptly steps down after just three months in the job